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    Causes of the recent current account deficit in the USA

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    Please help with the following problem involving economics. In 200-300 words, answer the following questions about the current US economic situation

    - What has caused the current account deficit of the USA in recent history?
    - Why is this a serious problem?

    This is for a 400 level course so an intelligent thought out response is expected

    © BrainMass Inc. brainmass.com November 24, 2021, 2:14 pm ad1c9bdddf
    https://brainmass.com/economics/employment/causes-recent-current-account-deficit-usa-231108

    Solution Preview

    Please see the attached Word document with your answer.

    Problem:
    In 200-300 words, answer the following questions about the current US economic situation

    - What has caused the current account deficit of the USA in recent history?
    - Why is this a serious problem?

    Solution:
    Before I delve into this question, I thought it would be a good idea to explain what exactly is the current account? The standard definition of current account is as follows: ...

    Solution Summary

    This solution helps with a problem involving economics and employment. It discusses what caused the current account deficit in the US and why it is a serious problem. The solution is provided in 298 words.

    $2.49

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